Nihon Seiko Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Year Ended March 31, 2015; Provides Earnings Guidance for the First Half of 2015; Provides Earnings Guidance for the Year Ending March 31, 2016; Provides Dividend for the Full Year of March 31, 2015; Provides Dividend Guidance for the Second Quarter of 2016 and Full Year of March 31, 2016
May 14, 2015
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Nihon Seiko Co., Ltd. reported unaudited consolidated earnings results for the year ended March 31, 2015. For the year, the company reported net sales of ¥13,167 million, operating income of ¥969 million, ordinary income of ¥973 million and net income of ¥603 million or ¥49.38 per share against net sales of ¥12,054 million, operating income of ¥672 million, ordinary income of ¥653 million and net income of ¥396 million or ¥32.41 per share for the same period a year ago. Return on equity was 12.5% against 9.0% a year ago. Income before income taxes and minority interests was ¥966,976,000 against ¥645,061,000 for the same period a year ago. Net cash provided by operating activities was ¥602 million against ¥1,370 million a year ago. Purchase of property, plant and equipment was ¥305,678,000 against ¥419,904,000 a year ago. Purchase of intangible assets was ¥6,049,000 against ¥3,231,000 a year ago.
For the first half 2015, the company provided consolidated earnings guidance for the first half of 2015. For the first half of 2015, the company expects net sales of ¥6,900 million, operating income of ¥500 million, ordinary income of ¥480 million and net income of ¥300 million or ¥24.56 per share.
For the year ending March 31, 2016, the company expects net sales of ¥13,900 million, operating income of ¥1,000 million, ordinary income of ¥980 million and net income of ¥610 million or ¥49.94 per share.
For the full year of 2015, the company announced dividend of ¥7.00 per share.
For the second quarter of 2016. The company expects dividend of ¥5.00 per share against same amount declared a year ago.
For the fiscal ended March 31, 2016. The company expects dividend of ¥5.00 per share against same amount declared a year ago.
NIHON SEIKO CO., LTD. is a company mainly engaged in the manufacture and sale of antimony products and metallic powder products. The Company operates in two business segments. The Antimony segment involves in the manufacture and sale of flame retardant additives for synthetic resin products; antimony trioxide used as polymerization catalysts of polyester; antimony trisulfide used as antifriction materials of brakes, as well as sodium antimonate, among others. The Metallic Powder segment involves in the manufacture and sale of non-ferrous metal fine powder for electronic components, such as copper powder and precious metal powder for conductive paste and iron alloy powder as soft magnetic material for power inductors, as well as powder metallurgy (coarse powder) for the bearings of precision motors, such as bronze powder, brass powder, tin powder for precision motor bearings, among others. The others business includes the leasing of real estate.
Nihon Seiko Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Year Ended March 31, 2015; Provides Earnings Guidance for the First Half of 2015; Provides Earnings Guidance for the Year Ending March 31, 2016; Provides Dividend for the Full Year of March 31, 2015; Provides Dividend Guidance for the Second Quarter of 2016 and Full Year of March 31, 2016